Avoid Bankruptcy – The Usual Options
If you want to avoid bankruptcy, there are many other options for dealing with debt. The options are usually:
- Debt Settlement
- Debt Consolidation
- Hiding from/Avoiding Creditors
Below is a summary of the “big three” alternatives. In order to know which solution is best for you, it is important to speak with an attorney. A lot of people ask me which option is better for their credit score. They are all bad. Different companies will try to sell you the thing ‘they do’ and will tell you that it is better for your credit score. But that is usually just a sales tactic. The truth is that if you don’t pay your debts, your credit score will be injured. Debt Settlement and Bankruptcy injure your credit in different ways, but in my years of experience, one is not worse than the other.